Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : DIGG - Digital Gas, Johnboy DIGGS it. -- Ignore unavailable to you. Want to Upgrade?

To: Fred C. Dobbs who wrote (1073)	6/6/2000 1:47:00 PM
From: Jim Bishop	Read Replies (1) \| Respond to of 1774

NEW YORK, June 6 /PRNewswire/ -- Digital Gas, Inc. (DIGG - Pink Sheets) today announced that the Zhongyuan Petroleum Exploration Bureau ("ZPEB") agreed to enter into an oil & gas exploration and development partnership both within China and internationally. Zhongyuan Oilfield and Digital Gas have agreed to work together and cooperate within China and throughout the world. "The partnership objectives are to improve oil & gas production and field recoveries in current ZPEB fields and to develop new fields with the best technologies available on a worldwide basis," the companies stated. "We feel quite strongly about our future relationship with the Zhongyuan Petroleum Exploration Bureau," said John Kirk, the President and a Director of Qingdao Digital Gas. "The Zhongyuan oilfield is abundantly rich in natural gas reserves. It has developed a comprehensive system to exploit, process and transport natural gas and byproducts and we intend to assist them in maximizing the abundant potential of their oilfields," Mr. Kirk added. Also known as Zhongyuan Oilfield, ZPEB is a superlarge comprehensive enterprise engaged in exploration and development of oil, as well as petroleum engineering and technical services. Having built 14 oil & gas fields in Dongpu Depression, ZPEB has acquired concessions throughout China, such as Yili Basin in Xinjiang, Baiyinchagan Basin in Inner Mongolia, Minhe Basin in Qinhai. It is also providing engineering and technical services in Pakistan, Bangladesh and Ethiopia. ZPEB is a leader in the exploration and development of complicated and faulted oil & gas fields both in China and the world. The company enjoys a high reputation for its domestic and international engineering projects. Its products, which sell throughout China, have been exported to the US, Hong Kong, South Asia and Africa. The management of Digital Gas reports that its May-June trip to China also exceeded its expectations and that its technical team is presently evaluating several upstream projects and other proposed joint ventures with the Shengli and Zhongyuan Administrations. After the 16th World Petroleum Congress to be held in Calgary, Alberta, from June 11-15th, the team will return to China to capitalize on additional business opportunities. The company is presently holding continuing discussions with senior management and representatives of several other Chinese oil & gas companies to further add to its Chinese business. For further information, contact Leo Murray at 212-856-4496. SOURCE Digital Gas, Inc. -0- 06/06/2000 /CONTACT: Leo Murray, 212-856-4496, for Digital Gas, Inc./ (DIGG) CO: Digital Gas, Inc.; Zhongyuan Petroleum Exploration ST: New York, China IN: OIL SU: JVN ~ * end of story *